Cosatu not benefiting from e-tolls

Johannesburg - A company in which Cosatu's investment arm Kopano Ke Matla had a stake in was not involved in the implementation of e-tolls, the trade union federation said on Wednesday.

"Raubex, the firm in which Kopano Ke Matla has a 3% stake, was involved in the construction of roads that were later e-tolled, and not at all in the implementation of e-tolls themselves," the Congress of SA Trade Unions national spokesperson Patrick Craven said in a statement.

This followed a report in The Times newspaper earlier that Cosatu was "embarrassed" when it was revealed that Kopano Ke Matla had a stake in a company that was benefiting from the e-tolling of roads.

Last month, it was reported that Raubex won a tender to build the R21, which formed part of the Gauteng Freeway Improvement Project.

Raubex received R800m for the project.

Kopano Ke Matla would have received R24m as a result of its 3% share, according to the report.

Comments

Charles-Bronson - 2012-05-23 21:11

Corrupted goverment, F@ck you and etolls

Fhedzani Sadiki - 2012-05-23 21:18

Oh come on...getting a contract to build a road & getting an e-toll contract are two different things.

richard.hipkin - 2012-05-24 09:21

The question is, was the awarding of the tender to build roads influenced by the presence of COSATU? Which then makes it the same thing..

Diego - 2012-05-23 21:44

come on now Cosatu will go on to gain 3% and don't forget the R800m is not profit. So 3% of profit is not worth the fuss. I don't believe an organisation will go through the trouble of iffuencing the tender corruptly just to gain 3%. This corruption links are overstated.

danny.levin.351 - 2012-05-24 07:29

Diego, 3% of 1 Billion Rand equals R30 Million. the E-Toll project is worth 20 times that.
Please can you tell us why you think that this is "small change" again?

Diego - 2012-05-23 21:46

Guys the whole country can't pay for the roads in Gautend via the fuel levy. You'll must pay if you don't want to use alternative routes. Three back every body was complaining about traffic now is time to payup you all are crying. Pay up for good service period.

gareth.jones.7771 - 2012-05-23 21:59

This would be applicable if there was any service at all, let alone good service.

africanwolf - 2012-05-23 21:59

Why Gauteng can pay taxes for the rest of the country?
if they used Gautengs tax money to build Gautengs only roads
we would of never needed e-tolls the tax money from Gauteng would of been enough

danny.levin.351 - 2012-05-24 07:38

Right Diego,
so now we know that you are an ANC or COSASTU member with a hand in the cookie jar.

Heiku - 2012-05-24 07:41

What an ignorant comment. If transvaal money stayed in the transvaal the rest of the country will take an arrow to the knee.

Kala - 2012-05-24 08:53

Guess who has an e-toll account?

bernpm - 2012-05-23 22:09

..ja, ja...Patrick, enjoy your day :-)

Dooie - 2012-05-24 06:34

Cosatu not benefiting from e-tolls.
Thats why they march then. They have no hand in the pie yet.

danny.levin.351 - 2012-05-24 07:27

This is a load of BULLSH1T!!! Cosatu has shares in a company that made a profit from the road means that Cosatu benefited from it. the E-Toll money is meant to pay for the project.
COSATU - you are corrupt like all the rest of the Govt, and you are miserable liars

Warwick - 2012-05-24 07:48

Thank God for Outa...............the rest seem like a deer caught in the headlights, ineffectual. The fight is going into round two, that smuck Pravin wants the constitutional court to bully us into paying tolls on ‘PUBLIC’ roads. Bottom line Pravin, you are now public enemy No 1, we will not be ‘tolled’ what to do – we are the ungovernable force. To hell with etolling.

Jason - 2012-05-24 07:55

F$$CK off with robbery!!!! you pay us to run the country ,enough is enough

Voiceinthedesert.co.za - 2012-05-24 09:29

these sorry excuses for politicians just get better and better. everyday you here these bastards plundering and stealing this country rotten. This just shows you how they operate. Organizing strikes and mass protests to camouflage their involvement. they never had any intention to try and stop it, they were putting up a smoke screen.